Taylor Wimpey (LON:TW) Rating Increased to Outperform at Royal Bank Of Canada

Royal Bank Of Canada upgraded shares of Taylor Wimpey (LON:TW) to an outperform rating in a research note released on Tuesday morning, MarketBeat reports. The brokerage currently has GBX 150 price objective on the homebuilder’s stock, up from their prior price objective of GBX 130.

A number of other research analysts also recently issued reports on the stock. Peel Hunt restated a “hold” rating and issued a GBX 110 price target on shares of Taylor Wimpey in a research report on Wednesday, October 1st. Jefferies Financial Group reiterated a “buy” rating and set a GBX 142 price objective on shares of Taylor Wimpey in a research note on Wednesday, October 8th. Berenberg Bank reissued a “buy” rating and issued a GBX 135 target price on shares of Taylor Wimpey in a report on Monday, November 17th. Citigroup upped their target price on Taylor Wimpey from GBX 140 to GBX 145 and gave the company a “buy” rating in a report on Friday, October 3rd. Finally, The Goldman Sachs Group assumed coverage on Taylor Wimpey in a research report on Monday, November 24th. They set a “neutral” rating and a GBX 109 price target on the stock. Four investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Taylor Wimpey currently has an average rating of “Moderate Buy” and an average price target of GBX 132.88.

Taylor Wimpey Price Performance

Shares of TW opened at GBX 102.20 on Tuesday. The company has a market capitalization of £3.67 billion, a PE ratio of 14.91, a PEG ratio of 2.04 and a beta of 1.81. The stock’s 50-day moving average price is GBX 103.55 and its two-hundred day moving average price is GBX 106.94. The company has a debt-to-equity ratio of 2.79, a current ratio of 5.08 and a quick ratio of 0.71.

Taylor Wimpey Company Profile

Taylor Wimpey plc operates as a homebuilder in the United Kingdom and Spain. It builds and delivers various homes and communities. Taylor Wimpey plc was incorporated in 1935 and is based in High Wycombe, the United Kingdom.